Home
E-Mail
Latest

Irrevocable Trusts at Law Glossary

What is it? Clients often set up irrevocable trusts, which are another class of inter vivos trusts, for other beneficiaries. In an irrevocable trust all rights to the property transferred to the trust are given up. The basic difference between an inter vivos trust an

Legal Definition Added By: Evan

The Irrevocable Trusts definition has been viewed 614 Time(s)!




Send To Friends!

If you'd like to send the Irrevocable Trusts definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Irrevocable Trusts. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Law Terms:

Legal Term Real Property is Land and everything that is permanently affixed to it.

Legal Term Appeal: is A request for a case to be looked at again by a higher court. Permission is not always granted. Appeals are possible in civil cases from either the defendant or the claimant but in criminal cases only from the accused.

Legal Term ASSIGNMENT is The transfer of legal rights, such as the time left on a lease, from one person to another.

Legal Term Conservator is A person appointed by a judge in a special court proceeding who is legally responsible for the management of another persons financial matters because that person is unable to handle his or her affairs, whether that be because of disease, disability or being under 18. Compare with guardian. See the Office of Public Advocacys Family Guardian page for more information.

Legal Term Emergency Doctrine is The rule that exempts people from the ordinary standard of reasonable care if that person acted instinctively to help out someone who needed emergency assistance.